EVT 2200 (EV1) RISK MANAGEMENT by

EVT 2200 (EV1) RISK MANAGEMENT by https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7 Made with mirth en-us 2016-10-20 04:55:15 UTC 2025-11-20 20:00:35 UTC hello@padlet.com It allows the event organiser to deal with uncertain risks in a proactive manner. Besides, it can help the event ograniser to minimise and eliminate negative risks so projects can be finished on time. The projects are exposed to problems and it is vulnerable when there is no risk management. Effective risk management strategies also allow a company to maximize profits and minimize expenses on activities that don’t produce a return on investment.  kahhweiii https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131979673 2016-10-20 05:12:45 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131979673 Elvis Thee https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131979860 Effective risk management strategies allow you to identify your project’s strengths, weaknesses, opportunities and threats. By planning for unexpected events, you can be ready to respond if they arise. To ensure your project’s success, define how you will handle potential risks so you can identify, mitigate or avoid problems when you need to do. Successful project managers recognize that risk management is important, because achieving a project’s goals depends on planning, preparation, results and evaluation that contribute to achieving strategic goals.]]> 2016-10-20 05:15:13 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131979860 Risk management is basically an approach in which we explore identify, analyze and mitigate the risks that can affect our project. Risk management is an important part of project management which if done efficiently leads to the success of your project. Risk management is an action plan that consists of various steps which are done to ensure the removal of risk. If you are dealing with uncontrollable risk then you may set such an action plan that can minimize the effect of these risks as you cannot fully get rid of such risks. carmen_ong97 https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131979912 2016-10-20 05:15:57 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131979912 Risk management is basically an approach in which we explore identify, analyze and mitigate the risks that can affect our project. Risk management is an important part of project management which if done efficiently leads to the success of your project. Risk management is an action plan that consists of various steps which are done to ensure the removal of risk. If you are dealing with uncontrollable risk then you may set such an action plan that can minimize the effect of these risks as you cannot fully get rid of such risks. carmen_ong97 https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980097 2016-10-20 05:17:57 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980097 Risk management is basically an approach in which we explore identify, analyze and mitigate the risks that can affect our project. Risk management is an important part of project management which if done efficiently leads to the success of your project. Risk management is an action plan that consists of various steps which are done to ensure the removal of risk. If you are dealing with uncontrollable risk then you may set such an action plan that can minimize the effect of these risks as you cannot fully get rid of such risks. yikchun0326 https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980174 2016-10-20 05:19:00 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980174 Rachel Tan https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980370 Risk management is important to event project success because without it, a event cannot possibly define its objectives for the future. If an event defines objectives without taking the risks into consideration, chances are that they will lose direction once any of these risks hit home. Besides, it can ensure that high priority risks are aggressively managed and that all risks are cost-effectively managed throughout the project.]]> 2016-10-20 05:22:29 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980370 Grace Lee grance_95 https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980390 Risk management is important to held an event successfully. An effective risk management helps event to avoid uncertain and unnecessary situation that affect the running of event. Risk can come from internal and external sources. Risk management plans contribute to project success by establishing a list of internal and external risks. This plan typically includes the identified risks, probability of occurrence, potential impact and proposed actions.
Risk Response generally includes:
• Avoidance…eliminating a specific threat, usually by eliminating the cause.
• Mitigation…reducing the expected monetary value of a risk event by reducing the probability of occurrence.
• Acceptance…accepting the consequences of the risk. This is often accomplished by developing a contingency plan to execute should the risk event occur.

]]> 2016-10-20 05:22:54 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980390 Ruby https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980416 risk management plan is an essential aspect of planning any event.

A risk management plan identifies all the potential risks that may arise from holding an event and then lists the steps event organisers will take to reduce or mitigate identified risks.

cause harm to another person
cause damage to equipment, infrastructure or the event site, or
harm the future of the event organising committee and event itself.

Of course many risks are out of the event organiser's control. In this case it is important that the risk management plan details who is responsible for coordinating the safety of every person should something that is out of the control of the event organiser occur.

]]> 2016-10-20 05:23:24 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980416 Chan Jia Herng https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980463 Effective risk management strategies allow you to identify your project’s strengths, weaknesses, opportunities and threats.

Plans:
Risk management plans contribute to project success by establishing a list of internal and external risks. This plan typically includes the identified risks, probability of occurrence, potential impact and proposed actions.

Preparation:
To ensure that projects run smoothly, effective project managers communicate their plan to the project sponsors, stakeholders and team members.]]> 2016-10-20 05:24:15 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980463 Yap Ai Yin https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980565 Risk management helps to identify our project’s strengths, weaknesses, opportunities and threats. Furthermore, it also can help us to ensure the success of the project is complete and give you more than the competitive advantage of others. Risk management can also increase the sense of responsibility and accountability as well as help you to open up new opportunities. In addition, proper risk management will not only reduce the probability of an event, and the influence of size. Seems to be an unrealistic schedule of work to do, but they think it is feasible. There is no risk assessment to determine what might go wrong. Unfortunately, this makes their ability to successfully complete their task on time.

]]> 2016-10-20 05:25:59 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980565 Iqbal foad https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980613 Risk management lays out all the triggers that could lead to many different risks that could result to a crisis during an event. While hosting an event, everyone will want to avoid any sort of crisis throughout the happening. Risk management allows us as a team to be mentally prepared and to act without delay for any potential risks that might be triggered during a specific event. With everyone mentally prepared, this enables us to not panic and also act accordingly to exit the attendees safe and solve the problem. Risk management also helps for future planning and events.]]> 2016-10-20 05:26:45 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980613 Daryl Choong https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980636 An effective risk menagement strategy would be to be able to provide the strength,weakness, opportunity and threats of the event. By planning for unexpected event theo organiser would be able to provide a solution to the problem quickly. To ensure the success come down to how well would the organiser handle potential risk. The main point is for an event to be successful come from planning, preparation, result and evaluation. ]]> 2016-10-20 05:27:14 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980636 LIM SEOW SYEN orange_lim34 https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980682 Risk Management important to project success because it allow to identify one project’s strengths, weaknesses, opportunities and threats. By planning for unexpected events, we can always ready to respond when they arise. To ensure the project’s success, we shall know how to handle potential risks so that we can identify or avoid problems happen. As a successful project manager, he/she should recognize that risk management is important, because achieving a project’s goals depends on planning, preparation, results and evaluation that contribute to achieving strategic goals. Besides that, risk management plans contribute to project success by establishing a list of internal and external risks. In order to ensure that projects run smoothly, effective project managers communicate their plan to the project sponsors, stakeholders and team members. Lastly, effective risk management strategies allow company to maximize profits and minimize expenses on activities. ��nI�.

]]> 2016-10-20 05:28:25 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980682 Chowyee https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980702 A risk management plan is an essential aspect of planning any event.

A risk management plan identifies all the potential risks that may arise from holding an event and then lists the steps event organisers will take to reduce or mitigate identified risks.

An event is full of uncertainties like power failure, equipment failure, medical emergency, brawl, stampede, fire, sponsorship withdrawal, last minute turned down by an artist etc. How will you deal with all these contingencies without a well thought out risk management plan.

Risk management is done at each and every stage of event production. For e.g. when risk management is done in the information management field, then it deals with loss of data due to data theft or hard disk crash. When risk management is done in the security management field, then it deals with brawl, stampede, medical emergency, accidental fire etc.

]]> 2016-10-20 05:28:45 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980702 Wong Chin Ying https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980749 Risk is inherent is almost every activity. It surrounds us in our educational, business and personal lives. Learning how to identify, analyze, assess, control, avoid, minimize or eliminate unacceptable risks is a life skill needed by all. By getting ready for startling occasions, you can be prepared to react on the off chance that they emerge. To guarantee your venture's prosperity, characterize how you will handle potential dangers so you can recognize, alleviate or evade issues when you have to do. Chance administration arranges add to venture accomplishment by setting up a rundown of inward and outer dangers. This arrangement normally incorporates the distinguished dangers, likelihood of event, potential effect and proposed activities

]]> 2016-10-20 05:29:40 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980749 Lee Mei Wei https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980985 Risk management is important of an event. The organizer will carry out the risk, identify the risk level and who are the responsibility of the risk. On that day of event they will know how to solve the problems and make it to minimize the risk. The organizer was planned and manager all the department to solve the risk their face. For example, outdoor event was faced with heavy rain risk, the organizer will prepare the raincoat to their consumer to solve the risk on the event. ]]> 2016-10-20 05:33:42 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131980985 Yew Jia Ming https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981169 Risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in investment decisions. It is important to event project success because achieving a project's goal depends on planning, preparation, result and evaluation that contribute to achieving strategic goals. Besides, risk management is important because without it, a firm cannot possibly define its objectives for the future. If a company defines objectives without taking the risks into consideration, chances are that they will lose direction once any of these risks hit home. Risk management is as much about identifying opportunities as avoiding or mitigating losses.]]> 2016-10-20 05:36:51 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981169 lee ling xiu https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981261

Risk management is most important thing in event industry that is ensures the successful completion of project. Next, risk management is an essence of project management. Risk management is a plan of action, by the completion of the steps, to ensure that eliminate risk. It increases the chances of your success to a great extent. It can help you avoid a catastrophe and boost your income by saving your cost. In addition, there are a way of provide you with the spirit of the meet. It also can give you more than the competitive advantage of others. After that, it can increase the sense of responsibility and accountability and help you to open up new opportunities. The purpose of the risk management process is to reduce the management of the crisis.

]]> 2016-10-20 05:38:15 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981261 Tee Li Shi elisezm411 https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981338 Risk management processes can make our company success by minimizing and eliminating negative risks so projects can be finished on time. Risk management enables to help us to meet our budget and fulfil our targeted objectives. Effective risk management strategies allow company to maximize profits and minimize expenses on activities that don’t produce a return on investment. Besides that, effective risk management strategies allow you to identify your project’s strengths, weaknesses, opportunities and threats. If we do not use risk management strategies, the projects get will exposed to problems and become vulnerable. Through detailed analysis, effective leaders will prioritize ongoing work based on the results produced, despite the odds. Successful project managers recognize that risk management is important, because achieving a project’s goals depends on planning, preparation, results and evaluation that contribute to achieving strategic goals.

]]> 2016-10-20 05:39:32 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981338 Lee Jia Hui https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981400 Risk management is done by risk managers who are involve in the project or event. Risk management is basically the people who explore identify, analyze and mitigate the risks that can impact our project. Risk management is an important part of project management because risk management will provide backup plan to us when our project have any situation. Risk management is an action plan that consists of various steps which are done to ensure the removal of risk. Risk management also would help us to set up an action plan which can minimize the effect of the risks. Risk management also can reduce the percentage of big desisted occur on the project or event. ]]> 2016-10-20 05:40:30 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981400 Li ZheHao https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981841 First, we need to know is that an event is need to make a risk management，and risk management refers to the event activities may lead to the loss of the uncertainty of the event project forecast, identification, analysis, assessment and effective processing, and at the lowest cost for smooth completion of the event to provide maximum security of scientific management methods. We know ,every event cannot hold very perfect, cause it have many reasons, such as improper positioning, the exhibition organizers ostentatious, investment promotion, the promotion effect, human resources and personnel structure is not suitable for, the emergence of new competitors, mismanagement of the exhibition, exhibitors due to dissatisfaction with the exhibition "exhibition", etc. However, risk management can avoid these things. The early stage of the risk management, we could strengthen risk management education, build up risk management mechanism, establish the risk early warning mechanism. The middle of the medium-term risk management, we should timely release information risk, control risk, keep communication with customers, to take emergency measures to resolve the risk, shift the risk for the development opportunity. In the late of risk management, we should summing up convention risk later restore, convention risk, establish a more effective risk prevention mechanism, to include safety culture in enterprise culture.]]> 2016-10-20 05:47:19 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131981841 PECK WAH https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131983953 Every events would face various type of risks. Therefore, management is important to event project success because it identify as well as analyze the internal and external risks that would affect the project. After established a list of the list, the probability of occurrence, potential impacts and also solution should be considered in order to ensure the event runs smoothly. Some risks can easily be predicted, however there are also some unpredictable risks and beyond anyone's control. Therefore, the event planner should prepare various plan to manage the emergency case during the events. If the event organize fail to manage the problem, the event could fail to meet the expectations and also lead the loss of profit to the company ]]> 2016-10-20 06:17:28 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131983953 HENRY  Why is Risk Management is important https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131984307 As a event planner, you need to ensure everything is under control. All event controller have the responsibility to thoroughly assess risks to help reduce or remove potential danger to staff and attendees and the general public. To ensure that everything goes smoothly, risk management plays a crucial part and acts as a safety net if anything happen. Risk management is also crucial as they form an integral part of a good occupational health and safety management plan as they help to create awareness of hazard and risks, to determine if existing control are adequate or more should have done. Risk management also helps to minimise the risk of getting injured or illness when done at the design or planning stage.

]]> 2016-10-20 06:21:52 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131984307 Huangziyi https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131984466 risk management allow you identify what might happen in the event, help reduce possible risk as much as possible and have thought about what you need to do in the event of an emergency during the event.Risk management also can ensure that high priority risks are aggressively managed and that all risks are cost-effiectively managed throughout the ]]> 2016-10-20 06:23:17 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131984466 Adeline Neo https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131986242 Risk management is important to every event. An event need to plan or forecast any risk that might happen during the event or before the event. This is to prevent any harm and any unpredictable problem that hurt people or the event. A successful project manager will able to identity possible risk and find for a solution for each risk. Risk can come from both internal and external sources. The external risks are those that are not in direct control of the management. Internal risks, can be internal problem such as lack of sponsorships or negative revenue. Risk management is a must for every event to prevent event fail.

]]> 2016-10-20 06:40:30 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131986242 Liew Wen Jie https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131987416 For risk management process, communication and consultation are important considerations at each step. It is very important to develop a communication plan for both internal and external stakeholders at the earliest stage of the process. This communication plan can address issues relating to both the risk itself and the process to manage it. Besides that, effective internal and external communication is also important to ensure that there are responsible for implementing risk management, and those with vested interest, particular actions are required by understand the basis on which decisions are made. Seeking their input will facilitate the process.]]> 2016-10-20 06:52:37 UTC https://padlet.com/lynda_kamaruddin/rgbkuhr3ksx7/wish/131987416